From transition crisis to the global crisis: labor in the Central and Eastern EU new member states.

Onaran, Ozlem (2011) From transition crisis to the global crisis: labor in the Central and Eastern EU new member states. Capital and Class, 35 (2). pp. 212-231. ISSN 0309-8168

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Abstract

This paper analyzes the developments in wages, employment, and income distribution in the Central and Eastern European New Member States twenty years after transition to market economies in three episodes: i. the transition crisis, ii. the post-transition growth, iii. the crisis episode of 2008-09. The balance sheet of the 20 years of transition in terms of employment and wages is marked by the negative effects of the transition crisis at the beginning and the global crisis in the last two years. Total employment has at best stagnated or slightly decreased along with significant job losses in industry. Modest wage increases have fallen way behind phenomenal productivity increases. Furthermore the global crisis has led to employment losses in all countries, and real wages have already started to decrease in several countries.

Item Type:Article
Additional Information:

Originally published as discussion paper, no 135 (March 2010) by Middlesex University Business School, Department of Economics and Statistics.

Research Areas:Business School > Economics and International Development
ID Code:5034
Permissions granted by publisher:Pre-refereed version as permitted by publisher.
Deposited On:20 Apr 2010 13:34
Last Modified:23 Jul 2014 22:00

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